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Canada Growth Fund

Canada Growth Fund Commits $50M to Longbow’s Energy Transition Fund

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Canada Growth Fund (CGF) has committed up to $50 million to Longbow Capital’s Energy Transition Fund II, supporting North America’s shift to lower-carbon energy solutions. The Calgary-based private equity firm focuses on technology and services that reduce emissions.

CGF CEO Yannick Beaudoin praised Longbow’s expertise and investment pipeline, marking CGF’s tenth investment since launching in 2023. Managing Director Tyson Birchall highlighted the transformative opportunities in clean energy. Longbow Capital, founded in 1997, manages $1.5 billion in assets, with backers including BDC Capital and TD Bank Group.

Want to know more? Check out the source code on CleanEnergy.ca.

Canadian Investor Consortium Reveals $145M for MKB’s Energy Transition Fund

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The Canada Growth Fund, CDPQ, alongside CDPQ, Investissement Québec, and BDC Capital, announced a $145 million combined commitment to MKB, a Québec growth equity firm investing in companies that advancing Canada’s energy transition. MKB is currently raising its third fund to help scale growing innovative companies in North America. Fund III will target growth-stage businesses which are commercializing proven emission reduction technologies.

“Through its cleantech funds strategy, CGF is seeking to provide further investable capital to Canadian managers to speed up the growth of Canadian cleantech champions,” stated Patrick Charbonneau, CEO of Canada Growth Fund Investment Management.

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Canada Growth Fund Partners with Strathcona Resources on CCS Infrastructure

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Canada Growth Fund (CGF) has announced a partnership with Strathcona Resources to develop carbon capture and sequestration (CCS) infrastructure at Strathcona’s SAGD oil sands facilities in Saskatchewan and Alberta. The SAGD CCS Partnership aims to capture and store up to two million tonnes of CO2 annually. Both CGF and Strathcona will invest up to $1 billion each in the project.

Strathcona, Canada’s fifth-largest oil producer, will build, own, and operate the CCS projects, receiving all investment tax credits. The partnership represents a novel risk-sharing approach, enhancing the competitiveness of Canada’s carbon-intensive industries by advancing large-scale CCS projects.

Want to know more? Check out the source code on CleanEnergy.ca.